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Actually, they didn’t make a mistake—they had no other options. Could they really go sell on a CEX? They deposited PROM with a notional value of $5 million into a Uniswap V2 pool with almost no ETH left, leaving only that minimal liquidity in the pool, and ended up receiving just 0.0316 ETH—less than $100. This dramatic move instantly crushed the price to the bottom of the pool. In reality, it benefited arbitrage bots: they swept up the deeply discounted PROM from the empty pool and sold it off through other pools with relatively deeper liquidity.

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